While many in the industry believe stablecoin rewards are the only sticking 
point for the US CLARITY Act, a crypto executive said more obstacles could 
appear.

CLARITY Act 2026 odds ‘extremely low’ if not passed before April: Exec

The Bitcoin price has not particularly impressed over the past two weeks, but 
it appears to have steadied its movement within a clear consolidation range. 
In its latest attempt to shine, the premier cryptocurrency faced fierce 
resistance around $74,000 on Friday, March 13. Interestingly, the latest on- 
chain data suggests that the $74,000 resistance might not be the barrier it 
appears to be. According to a prominent crypto analyst on the social media 
platform X, the Bitcoin price seems to have a free runway to return to above 
the $80,000 mark. BTC Price Has Free Runway To $82,000: Analyst Market pundit 
Ali Martinez took to the X platform to share an on-chain insight into the 
Bitcoin price movement over the coming weeks, with a return to around $82,000 
looking more likely with no obstacles. This on-chain observation is based on 
the UTXO Realized Price Distribution (URPD) metric, which shows the next 
relevant levels for BTC. Related Reading: Ethereum Whale Loads Up $152M In ETH 
In Three Days — How Much More Will He Buy? The URPD metric shows how critical 
a price level is by tracking the volume of cryptocurrency purchased at a 
specific level. This is because the capacity for a Bitcoin price level to 
function as a support or resistance zone usually depends on the number of BTC 
investors who have their cost basis at the given level. Typically, price 
levels below the current spot value with substantial buying activity are often 
considered major support regions. Meanwhile, levels above the current price 
with significant investor cost bases usually function as major resistance 
areas. According to Martinez, the Bitcoin price has entered a low-resistance 
region, with barely any obstacles in its way until around $82,045. This puts 
into question the rejection recently faced around the $74,000 mark, which has 
insignificant investor activity per the UTXO Realized Price Distribution 
metric. A move to this next major on-chain resistance would mean an over 17% 
surge from the current price point, with an upward movement of that magnitude 
not seen so far this year. However, if the Bitcoin price doesn’t find the 
bullish momentum necessary to spur a rally toward the $82,000 mark, the next 
major support cushion sits at around $66,898. Ultimately, it appears that 
Bitcoin price might be looking to expand its consolidation range, with $82,000 
as the potential upper boundary. Bitcoin Price Overview As of this writing, 
the price of BTC stands at around $70,820, reflecting a mere 0.5% jump in the 
past 24 hours. According to data from CoinGecko, the flagship cryptocurrency 
is up by more than 3% in the past seven days. Related Reading: Charles Edwards 
Says Bitcoin Is In A Value Zone, But Not Yet At Deep Value Featured image from 
DALL-E, chart from TradingView

On-Chain Data Shows Why Bitcoin’s Next Stop Could Be At $82K

Bitcoin’s credibility came under fire after former U.K. Prime Minister Boris 
Johnson labeled the cryptocurrency a Ponzi scheme, prompting Strategy’s 
Michael Saylor to fire back and defend bitcoin’s decentralized design. Michael 
Saylor Pushes Back as Boris Johnson Triggers New Bitcoin Legitimacy Debate 
Debate over bitcoin intensified after former U.K. Prime Minister Boris Johnson 
criticized the […]

Michael Saylor Slams Boris Johnson’s Bitcoin Ponzi Allegation as £20K Loss Story Surfaces

The Ethereum Foundation&#8217;s ETH sale to Bitmine highlights its strategic focus 
on sustainable growth and decentralized network stewardship.
The post Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and 
grants appeared first on Crypto Briefing.

Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and grants

Bitcoin’s extended pullback from its all-time high has left traders in 
uncertainty, and many investors are unsure whether the worst of the decline 
has already passed. One analyst known as Jelle on X is of the notion that the 
conversation may be missing an uncomfortable reality that Bitcoin bear markets 
often become far more painful than most participants expect. The price data, 
he argues, supports a more concerning interpretation of how Bitcoin&#8217;s current 
pullback will play out. Related Reading: Bitcoin Climbs Back To $73,000 As 
Short Squeeze Wipes Out $246M In Futures Bets Current Bitcoin Decline Still 
Smaller Than Previous Bear Markets Crypto analyst Jelle issued an interesting 
warning to investors who may be underestimating the depth and duration of 
Bitcoin bear markets. In a post on X, Jelle noted that Bitcoin is currently 
down roughly 44% from its all-time high of $126,080, with the February local 
bottom around $63,000 registering a 53% decline from the peak. These sound 
severe on the surface. However, they are relatively modest against the 
historical record. Historical data shows that Bitcoin’s previous bear markets 
pushed the asset much deeper below its peak. The market collapse following the 
2017 rally eventually erased about 84% of Bitcoin’s value, while the bear 
market that followed the 2021 cycle bottomed near a 77% decline. A review of 
the chart Jelle shared, which is shown below, illustrates just how consistent 
the cyclical structure has been. Since 2014, Bitcoin has oscillated through 
periods of sustained accumulation and declines. Each bull run lasts 
approximately 150 to 152 weeks, and each bear market persists for anywhere 
between 52 and 58 weeks. Bitcoin Price Chart. Source: @CryptoJelleNL On X The 
current bear phase, by that measure, is well short of the duration at which 
prior cycles found their floors. Projecting the bear market phase from the 
October 2025 all-time high would put the current correction lasting until 
sometime around October 2026. &#8220;Unfortunately, I think there is more pain ahead 
for BTC,&#8221; Jelle said. The RSI Is Telling Investors To Wait The analyst also 
examined Bitcoin’s relative strength index indicator, which has repeatedly 
provided clues about when bear markets are nearing completion, in another 
post. Jelle observed that every previous bear market eventually bottomed when 
the weekly RSI dropped below the 37 level. Once the indicator crosses below 
that threshold, it often falls further before the Bitcoin price reaches its 
final low. Bitcoin has declined roughly 30% since the RSI first moved below 
that level in the current cycle. That decline is smaller than what occurred in 
earlier cycles, though not enough to stand out as a clear anomaly given the 
limited number of examples. More important, according to Jelle, is the pattern 
that forms near the end of a bear market. The final low usually appears when 
the RSI creates a higher low close to the level recorded during the previous 
bottom. That higher low can occur alongside either a lower price low or a 
higher price low. Bitcoin Price Chart. Source: @CryptoJelleNL On X Related 
Reading: Ghana’s Crypto Push Begins As 11 Companies Enter SEC Sandbox When 
price forms a lower low but RSI prints a higher low, the price action produces 
a bullish divergence on the weekly chart. That signal has always preceded the 
transition from bear market conditions into the next accumulation phase. Until 
that structure becomes visible, patience is the best approach. Featured image 
from Unsplash, chart from TradingView

Cryptocurrency price in KWD